AUSTRALIA: ‘Gas World Australia 2008’ to be held in Perth from November 25 to 27

(EnergyAsia, October 31, Friday) — ‘Gas World Australia 2008’ will be held at the Sheraton Perth Hotel in Australia from November 25 to 27.

The event will focus on issues facing gas markets in Australia including investment, export opportunities, current operations, and growth opportunities. 

Speakers will focus on the global and domestic outlook for gas, LNG growth opportunities and markets, CSG potential, project developments and updates, investment opportunities, and infrastructure and technology updates.

Speakers at the event include Arthur Dixon (Australian Centre for Natural Gas Management), Robert Dixon (International Energy Agency),Phillip Glyde (ABARE), Shaun Scott (Arrow Energy), Paul Zealand (Origin Energy), Bob Bryan (Queensland Gas Company), 

Duncan Seddon (Royal Australian Chemical Institute), Peter Strachan (StockAnalysis), Bob Marcellus (Oil Search), David Casey (Eastern Star Gas), Robert Hosking (Karoon Gas Australia), David Whitford (CSIRO Petroleum Resources), Cheryl Cartwright (APIA),  Kieren Kelly (Sirius Fund Management) and Anthony Strasser (Anzon Energy).

‘Gas World Australia 2008’ is organised by Terrapinn Australia. For more information, please contact Admin@EnergyAsia.com.

SINGAPORE: ‘Negotiating Successful Gas & LNG Contracts’ to be held from November 11 to 14

(EnergyAsia, October 31, Friday) — ‘Negotiating Successful Gas & LNG Contracts’ will be held in Singapore from November 11 to 14.

The gas and LNG markets are being deregulated around the world and growing rapidly, offering business opportunities for all stakeholders including government entities, producers, sellers, transporters and buyers. However, the high contract value, complicated commercial terms, fast-changing market conditions, and many other risks have made contract negotiating, dispute handling and risk management more challenging.

This advanced course provides practical and detailed training of all the critical terms and conditions in gas and LNG sales agreements.

Participants will be given a pre-course questionnaire that would help them raise specific concerns and questions. These will be addressed by the course director during the workshop.

The course will cover 13 modules which include LNG and gas sales contracts, contractual chain in gas development, current practices in gas and LNG sales contracts, price terms in LNG contracts, European gas markets, LNG sales in the US, dispute resolution, project financing, and risk management in gas projects.

A simulation exercise will be conducted to provide a detailed overview of these topics.

The course will be conducted by Anthony Way, director and managing partner of The Energy Contract Company.

‘Negotiating Successful Gas and LNG Contracts’ is organised by NeoEdge Pte Ltd. For more information, please contact Admin@EnergyAsia.com.

ASIA: China and India vie with US for oil

(EnergyAsia, October 31, Friday) — Oil has become the focus of increasing tensions in global power politics, with China and India revving up the competition for resources against the US. Much of the US global predominance is based on its access to inexpensive energy sources around the world, particularly oil. However, as China and India…

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MIDDLE EAST: IMF predicts high growth for region and Central Asia

(EnergyAsia, October 31, Friday) — The economies of the Middle East and Central Asia have continued to experience strong growth in 2008, outpacing global growth for the ninth year in a row, the International Monetary Fund (IMF) said in its latest regional economic outlook. Growth is underpinned by high commodity prices, strong domestic demand, and…

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MARKETS: “Alarming” drop in air traffic for September

(EnergyAsia, October 31, Friday) — International air traffic plunged sharply in September as the industry watchdog admitted losses will likely exceed its earlier forecast for a record $5.2 billion in red ink this year. The International Air Transport Association (IATA) said passenger traffic declined 2.9% while cargo traffic dropped 7.7% compared to the same month…

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SOUTH KOREA: LG Electronics to invest in solar cell production line

(EnergyAsia, October 31, Friday) — South Korea’s LG Electronics said its board of directors has decided to convert the company’s A1 plasma panel-manufacturing line in Gumi city into solar cell production lines. LG plans to invest 220 billion won to establish two production lines by 2010. (US$1=1,400 won). The company expects the first line to…

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INDIA: ADB to help Himachal Pradesh state become ‘hydropower state‘ via multi-tranche loan

(EnergyAsia, October 31, Friday) — The Asian Development Bank (ADB) said it is helping Himachal Pradesh state become India’s “hydropower state” through an $800 million multi-tranche financing facility. The eight-year loan package will help finance the construction of several run-of-river hydropower generating plants that will bring in combined capacity of 808 megawatts (MW) for the…

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CHINA: CNPC starts construction of oil refineries in Chad and Niger

(EnergyAsia, October 31, Friday) — China National Petroleum Corp (CNPC) has started construction work on two small oil refineries in the landlocked African states of Chad and neighbouring Niger. The refineries will be the first for the two impoverished countries which have benefited from the resource boom and rising Chinese investment in recent years. Niger’s…

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AUSTRALIA: Origin Energy says state agency has approved LNG joint venture with ConocoPhillips

(EnergyAsia, October 31, Friday) — Australian upstream company Origin Energy Limited said US energy firm, ConocoPhillips, has received approval from the Foreign Investment Review Board (FIRB) to acquire a 50% share of a coal-seam gas (CSG)-to-LNG joint venture with Origin. The transaction is now unconditional. ConocoPhillips will now have to make an up-front payment of…

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AUSTRALIA: AGL says stake in QGC valued at A$1.18 billion

(EnergyAsia, October 31, Friday) — Following news of BG’s plans to acquire Australia’s Queensland Gas Company Limited (QGC), AGL Energy Limited (AGL) said it will sell all its shares in QGC to BG unless a superior competing offer emerges. BG’s announcement was made by subsidiary BG International (Australia) Investments Pty Limited. AGL will receive A$5.75…

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VIETNAM: ‘GASEX 2008’ to be held in Hanoi from November 12 to 15

(EnergyAsia, October 30, Thursday) — The 10th edition of GASEX will be held at the National Convention Centre in Hanoi, Vietnam from November 12 to 15.

The biennial GASEX conference and exhibition is a forum dedicated to the natural gas industry in the Pacific Asia region. GASEX has been held for the last 17 years – fostering the sustainable development of the region’s gas industry by facilitating discussion on business and technological challenges.

The conference will feature keynote addresses from industry top executives including Mohammad Hassan Marican (Petronas), Akio Nakamura (Osaka Gas), Ari Soemarno (PT Pertamina), Joseph Geagea (Chevron) Ernesto Lopez Anadon (International Gas Union).

Other speakers include Tran Ngoc Canh (Petrovietnam), Paul Reed (BP Global Gas), Wong Toon Suan (Gas Association of Singapore), Zainal Abidin Ali (Brunei Energy Association), Wang Yunlong (China Gas Association), Anton Tjahjono (Indonesian Gas Association), Wan Zulkiflee and Ezhar Yazid (PETRONAS), James Kwan (The Hong Kong and China Gas Company Limited), Rafael del Pillar (PNOC Exploration Corporation), Chitrapongse Kwangsuksith and Toemchai Bunnag (PTT Public Company), Phung Dinh Thuc (Petrovietnam),

Surin Pitsuwan (Association of Southeast Asian Nations), Young-Won Kang (Korea National Oil Corporation), Abdul Rahim Hashim (Malaysian Gas Association), Chen Jia-Lim and Wang Wen-I (Gas Association of Chinese Taipei), Haruki Takahashi, Kunihiro Hara, Keishi Higuchi and Hattori Yasutoshi (Japan Gas Association), Hae-Jung Oh (Korea Gas Union), Ji-Yeo Park (Korean Gas Association), Vo My Linh (Chevron Vietnam), Kouichi Morino, Iruru Takahashi, Hiroki Kikuchi, Toshiyasu Ukita and Aya Misuta (Tokyo Gas), Anton Tjahjno (Indonesian Gas Association), Nguyen Thi Thanh Le (Vietnam Petroleum Institute),

Nguyen Xuan Hoa and Pham Hong Linh (PVGAS), Robert Brannock (TGE Gas Engineering GmbH), Jiang Yu (Sin Ao Gas Holding), Graham Tyler and Gavin Law (WoodMackenzie), Oleg Mikhailov (Chevron Asia Pacific Exploration & Production), Siho Ryu (KOGAS), Harald Dornauf (Elster Gmbh), Ah Kuan Seah (ABS Pacific), Jeff Brown and Fereidun Fesharaki (FACTS Global Energy Singapore), Jonathan Wright (Talisman Energy), Kazuo Kakehashi and Michitaka Onishi (Osaka Gas), Chung-Long Lee (CPC Corporation),

Allen Beasley (ASEAN Council on Petroleum-Gas Centre), Paul C. Young (Exmar Group), Dulapol Anussorn-nitisara (PTT LNG Company), Xie Xiang (Shenzhen Gas Corporation), Beverly K. Mentzer (Exxonmobil Upstream Research Company), Ho Sook Wah (International Gas Union), Manivannan Subramaniam (Akademi Laut Malaysia), Muhamad Noor Hamid (Muhamad Noor Hamid), Benard Christian (Brunei LNG),

Topics discussed include economic outlook, demand and supply forecasts, business opportunities, recent trends and business strategies, initiatives in Japan to combat global warming, design technology for CO2 mitigation of gas energy system, application of environmental management system, developments in Southeast Asia, Japan and China, legislation and technology updates, LNG projects development and outlook, and safety and crime.

‘GASEX 2008’ is organised by Asia Congress Events. For more information, please contact Admin@EnergyAsia.com.

CHINA: Foster Wheeler awarded coal-to-liquids feasibility study

engineering giant Foster Wheeler Ltd and China’s Wuhuan Engineering Company, has been awarded contracts to undertake a feasibility study for an 80,000-b/d coal-to-liquids (CTL) plant in the Ningxia Hui Autonomous Region in the coal-rich western part of China. Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co Ltd will work with…

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CHINA: Sudan kidnap group wants Chinese oil companies out

investment in the African state has claimed responsibility for killing five Chinese workers out of nine kidnapped last week. Sudan’s Foreign Ministry has blamed the Justice and Equality Movement, a Darfur rebel group, for the attacks. Two of the hostages have escaped while the remaining two are still with their kidnappers who are growing increasingly…

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JAPAN: Singapore court charge Mitsui Oil Asia employees in naphtha futures trading case

subsidiary, Mitsui Oil Asia Singapore (MOAS), have been charged with “deceptively concealing” losses pertaining to the physical and futures trading losses of naphtha contracts in Singapore in late 2006. Noriyuki Yamazaki, MOAS’s former head of naphtha trading, his immediate boss, Wada Takayoshi, and the company’s executive vice-president Masatsugu Takahashi were charged in Singapore for their…

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ASIA: Canada may curb oil sands exports on environmental concerns

country may restrict exports of Alberta’s oil sands and bitumen to countries with low greenhouse gas emissions standards. Officials in Alberta, home to the bulk of Canada’s oil sands production, were caught by surprise and are expected to resist any attempts by the central government to curb the province’s oil exports to energy-hungry Asia. Canadian…

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INDIA: Credit squeeze hits IOC

Corp (IOC) to defer some of its projects, officials said. IOC is working on plans to install delayed coker units at its refineries in Haldia and Mathura and is also planning a petrochemicals plant at Haldia. Company insiders said that they could not rule out that those plans may have to be delayed given the…

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SINGAPORE: Centre for solar PV testing and certification is first in Southeast Asia

Southeast Asia opened in Singapore early this month.   The VDE-Fraunhofer ISE Pte Ltd, a joint venture between VDE Institute and the Fraunhofer Institute for Solar Energy Systems (ISE), aims to provide highly sophisticated testing and certification services in the performance and safety of solar photovoltaic modules from the second half of 2009. Its presence…

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MALAYSIA: Aker Solutions signs subsea supply agreement with Shell

(EnergyAsia, October 30, Thursday) — Aker Solutions, the international oil and gas engineering services company, said it has been awarded a five-year supply agreement by Malaysia’s Sarawak Shell Berhad (SSB) to supply subsea production systems equipment and services.

SSB has several existing platforms off the coast of Sarawak state as PSC operator to Malaysian state oil and gas firm Petronas which has teamed up with subsidiary Carigali and Nippon Oil Exploration (M) Ltd. The subsea wells are found in water depths of up to 200 metres.

“This supply agreement is a significant milestone for us as it is our first collaboration with Shell in this country.  It is also an important recognition from one of the world’s major oil and gas companies to our Malaysian operation and unique manufacturing centre,” said president of Aker Solutions in Malaysia, Egil Martinussen. “The potential in the Sarawak area is big, and we look forward to working with SSB to develop it further over the coming years.”

The scope of work for the five-year supply agreement includes design, manufacturing, testing, installation, commissioning, follow-on support and maintenance of wellheads, subsea trees, subsea controls, flow bases and tie-in equipment.

The manufacturing and testing of all equipment will take place at Aker Solutions’ hi-tech subsea manufacturing centre in Malaysia’s Port Klang Free Zone. The contract party is Aker Solutions Malaysia Sdn. Bhd.

Malaysia is the operation headquarters for Aker Solutions in Asia Pacific, which provides complete subsea manufacturing services, project management and administrative support services.

 

SINGAPORE: Advanced oil trading course by Oxford Princeton to be held on November 17 to 19

(EnergyAsia, October 30, Thursday) — Oxford Princeton’s ‘International Oil Trading – Advanced Techniques and Strategic Price Risk Management’ will be held in Singapore from November 17 to 19.

The course will cover the advanced trading techniques applicable to the management of price risk in international oil trading. It is recommended that delegates complete the basic oil trading course or possess strong working knowledge of the subjects covered in these courses.

The course will focus on key markets, and the pricing and mechanisms involved in trading. Advanced trading instruments of swaps, CFDs and options will be presented in detail, both from a theoretical and practical perspective, providing delegates with insight into the application of these instruments in the development and management of a successful trading strategy.

Syndicate exercises will address each skill required, providing delegates with the essential tools and knowledge to successfully manage the price and accompanying risks of their strategy. Additionally, in a theme case study, each group will be asked to manage their company positions on equity production, refining supply, product disposal and speculative trading, identifying the pricing risk of new positions and reacting to changing market prices which simulate a live situation.

Topics covered during the course include significance of freight costs, international crude oil and products pricing, trading in the futures and forwards markets, EFPs, swaps and CFDs, options theory and trading, price risk management, freight hedging, strategy development and management, and purchase/sale contracts.

Case studies and exercises Include freight and netback, purchase/sale of products, arbitrage, negotiating a term crude oil deal, hedging of term deal, handling non-performance, executing an EFP, managing ongoing positions, executing a CFD, traded options, refiner risk management, producer risk management and consumer risk management.

‘International Oil Trading – Advanced Techniques and Strategic Price Risk Management’ will be conducted by course director Robin Burley. For more information, please contact Admin@EnergyAsia.com.

SINGAPORE: Oxford Princeton to hold international oil trading course from November 12 to 15

(EnergyAsia, October 30, Thursday) — The Oxford Princeton Programme will be holding the ‘Principles of International Oil Trading’ course in Singapore from November 12 to 15.

Conducted by Robin Burley, a principal consultant with Kennet Oil Logistics, the course will cover the basic principles of international oil trading, supply, transportation and refining. Through a case study, participants will be able to address day-to-day problems and understand the commercial driving forces in this area.
 
The course will introduce the key elements that affect the international oil market. Crude valuation, ocean tanker transport and freight will be explored together with a basic overview of terminals and pipelines. The structure of a refinery as well as aspects of product quality will also be covered.

Topics covered include structure of the oil markets, freight costs, spot tanker freight costs evaluation, oil and tanker contracts structure, refinery configurations, product quality and key specifications, crude and products pricing, crude oil value, trade execution, constructing purchase and sale contracts, contract exposures and costs, and hedging.

For more information on ‘Principles of International Oil Trading’, please contact Admin@EnergyAsia.com.

SINGAPORE: Organiser said OSEA2008 is 80% bigger than the previous show

(EnergyAsia, October 29, Wednesday) — The organiser of OSEA2008, to be held at the Suntec International Convention Centre in Singapore from December 2 to 5, said the exhibition is 80% bigger than the previous show. 

OSEA, Asia’s largest oil and gas exploration and production industry exhibition and conference, is expected to attract 1,400 leading exhibiting companies from 49 countries. 

Rising world demand for energy has led to increased oil and gas exploration and production activities. Record oil prices earlier in the year have made some projects viable.  A study by MacKay Consultants of Scotland revealed that the Asia Pacific region will account for US$30.5 billion worth of oil and gas exploration and production expenditure by 2009.

Organised by Singapore Exhibition Service, the conference will address key issues faced by the industry as it looks to develop untapped offshore resources using new technologies. More than 40 business and thought leaders will be sharing their expert knowledge on exploration and production issues, and gas technology and recovery topics.

Exhibitors include Ameron, Aker Yards, Bureau Veritas, Dockwise, EATON, Fluor Corporation, FUGRO, Global Industries, Global Process System, Halliburton, IHC Merwede, Keppel Fels, Kongsberg Maritime, McDermott, Mustang, Lloyds, Nortechs FPSO, Swiber, Prosafe Production Services, Technip Subsea 7 Asia Pacific, Tyco Thermal Controls and Parker Hannifin Singapore.

“OSEA2008’s growth has positioned the event well to meet the spike in demand by the oil and gas companies as they capitalise on the opportunities on offer in the Asia Pacific,” said Tee Boon Teong, OSEA project director at Singapore Exibition Services.

For more information, please contact Admin@EnergyAsia.com.

SINGAPORE: International Energy Week to feature ‘Singapore Energy Conference’ on November 4 to 5

(EnergyAsia, October 29, Wednesday) — The ‘Singapore Energy Conference’ will be held during the International Energy Week at the Raffles City Convention Centre in Singapore on November 4 to 5.

The flagship event of the International Energy Week (November 3 to 7) will gather policymakers as well as experts from research institutes and industry players to discuss the challenges, possibilities and solutions to powering cities of the future.

Singapore has positioned itself as a leader in advancing technology for renewable energy solutions. It is the hub for a number of multinational energy companies with upstream and downstream operations. As Asian populations grow and demand for energy rises, cities have to identify, adopt and integrate energy efficient solutions.

The conference will cover various topics including climate change, sustainable technology, energy efficiency, business risk and opportunities, and integrated energy solutions for cities.

Speakers at the event include Peter Schwartz (Global Business Network), Duncan Macleod (Shell Hydrogen), Richard A. Bradley (International Energy Agency), Robert K. Dixon (Global Environment Facility), Hadi Dowlatabadi (University of British Columbia), Goh Chye Boon (Ministry of Trade and Industry (MTI)), Justin R. Swift (International Affairs in the Office of Fossil Energy), Kenji Kobayashi (Institute of Energy Economics),

Malcolm Wicks (Minister of State for Energy at the Department for Business, Enterprise and Regulatory Reform (BERR)), Hashem Akbari (Lawrence Berkeley National Laboratory), Jim Watson (Sussex Energy Group), Michael Dolan (Exxon Mobil Corporation), S. Iswaran (Senior Minister of State for Trade and Industry), Eileen Claussen (Pew Center on Global Climate Change and Strategies for the Global Environment), S. Jayakumar (Deputy Prime Minister/ Minister for Law, Singapore), Prime Minister Lee Hsien Loong, Charles F.Zukoski (Science and Engineering Research Council (SERC)), Finn Strøm Madsen (Vestas Technology R&D), Jarmo Honkamaa (Neste Oil) and Minister Mentor Lee Kuan Yew.

Mr Lee Kuan Yew, will be delivering the ‘Singapore Energy Lecture’.

The event is jointly organised by Singapore’s Energy Market Authority (EMA) and the Energy Studies Institute (ESI). For more information, please contact Admin@EnergyAsia.com.

INDIA: ‘Renewable Energy Finance Forum’ to be held in Mumbai from November 20 to 21

(EnergyAsia, October 29, Wednesday) — The third edition of ‘Renewable Energy Finance Forum’ will be held at the Renaissance Mumbai Hotel and Convention Centre in India on November 20 to 21.

India’s fast growing economy has led to rising energy demand and opportunities for renewable energy. The conference aims to provide a forum for government, decision makers, investors and financiers to network.

The conference will discuss policy developments and their impact on India’s renewable energy sector, outlook on finance and project structures, investment opportunities in wind, solar and bioenergy, finance and project structures, and carbon finance and CDM project investment opportunities.

Speakers at the event include Deepak Gupta (Ministry of New and Renewable Energy, India), Pramod Deo (Central Electricity Regulatory Commission), Thomas Rüschen (Deutsche Bank), Debashish Majumdar (IREDA), Rajat Misra (SBI Capital Markets Ltd), Satish Mandhana and Pinaki Bhattacharyya (IDFC Private Equity), Vivek Mittal (Millennium Resource Strategies Ltd), Chris Greenwood (New Energy Finance), Pankaj Sehgal (Sun Group), 

Rao Chodagam (Titan Solar), John Woolard (BrightSource Energy), Prasad Menon (Tata Power Ltd), T Ananth (Nuetech Solar Systems Pvt), Umesh Kumar Chhabra (ICICI Bank Limited), Balawant Joshi (ABPS Infrastructure Advisory), Vinod K Kala (Emergent Ventures India), Ram Babu (Cantor CO2e), Dr Anil Kane (Indian Wind Energy Association), Jami Hossain (WindForce Management), Mahesh Makhija (CLP India), Sudha Setty (Alliance to Save Energy), 

Ajay Mathur (Bureau of Energy Efficiency, India), Mahesh Patankar (International Institute for Energy Conservation), Anand Prakash (FE Clean Energy Group), Anant Pande (Indo Greenfuel Consultants) and Shubhada Jahagirdar (EnerSearch).

‘Renewable Energy Finance Forum’ is organised by Euromoney Energy Events. For more information, please contact Admin@EnergyAsia.com.

SINGAPORE: Temasek Holdings initiates sale of PowerSeraya

(EnergyAsia, October 29, Wednesday) — Singapore’s Temasek Holdings Pte Ltd said it has begun the divestment process for its third and final wholly-owned Singapore power generation company, PowerSeraya Ltd. This follows last month’s sale of Senoko Power Ltd to a consortium known as Lion Power Holdings Pte Ltd and the sale of Tuas Power Ltd…

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INDIA: Bharat Petroleum to invest US$480 million in biodiesel projects

(EnergyAsia, October 29, Wednesday) — Donwstream oil company Bharat Petroleum Corp Ltd (BPCL) has laid out plans to invest US$480 million by 2012 to produce biodiesel. BPCL said it will cultivate the jatropha crop on one million hectares of wasteland in Uttar Pradesh state for use as feedstock for biodiesel. The project will be undertaken…

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